READOUT: Stakeholder Roundtable on Clean Power Generation and the Inflation Reduction Act

WASHINGTON, D.C. – Today, U.S. Secretary of the Treasury Janet L. Yellen participated in a virtual roundtable with key stakeholders on clean power generation and the Inflation Reduction Act. The roundtable is part of a series of discussions the Treasury Department is hosting as it solicits input from the public to inform its work implementing […]

OCC Joins Military Spouse Employment Partnership

News Release 2022-131 | October 25, 2022 Share This Page: WASHINGTON—The Office of the Comptroller of the Currency (OCC) affirmed its commitment to military families by joining the Military Spouse Employment Partnership (MSEP) at a ceremony today in Arlington, Va. MSEP is a Department of Defense program that connects military spouses with partner employers who have […]

Treasury Sanctions Nicaragua Directorate of Mines and Government Official Responsible for Decades of Violence

New Executive Order Targets Nicaraguan Gold Sector, Other Sectors May Follow WASHINGTON — Today, the U.S. Department of the Treasury (Treasury) Office of Foreign Assets Control (OFAC) designated the Nicaraguan mining authority General Directorate of Mines (DGM) as well as one official of the Government of Nicaragua, pursuant to Executive Order (E.O.) 13851. Additionally, today […]

Remarks by Secretary of the Treasury Janet L. Yellen at the Securities Industry and Financial Markets Association’s Annual Meeting

As Prepared for Delivery Thank you for that introduction. I’d like to begin by thanking Ken and SIFMA for inviting me to your Annual Meeting. I’m delighted to be here with all of you. Just over a week ago, I had the opportunity to meet with my counterparts from across the world at the IMF […]

FATF Moves Forward in Combating Corruption and Illegal Fentanyl Trafficking, Enhancing Financial Transparency

WASHINGTON – Today the Financial Action Task Force (FATF) concluded its first plenary of the Singaporean presidency. The FATF—the international anti-money laundering and countering the financing of terrorism (AML/CFT) standard-setting body—made several key advances. It agreed to seek public input on draft guidance for implementing the FATF standard on beneficial ownership transparency for legal persons; […]

Joint Statement of Janet L. Yellen, Secretary of the Treasury, and Shalanda D. Young, Director of the Office of Management and Budget, on Budget Results for Fiscal Year 2022

WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen and White House Office of Management and Budget (OMB) Director Shalanda D. Young today released the final budget results for fiscal year (FY) 2022. During FY 2022, the deficit fell by $1.4 trillion—the largest one-year decrease in the Federal deficit in American history. The 2022 […]

READOUT: Deputy Secretary of the Treasury Wally Adeyemo’s Visit to Singapore

WASHINGTON — On October 21, Deputy Secretary of the Treasury Wally Adeyemo met with government counterparts in Singapore, including Deputy Prime Minister and Minister for Finance Lawrence Wong, Minister for Trade and Industry Gan Kim Yong, and Managing Director of the Monetary Authority of Singapore Ravi Menon. The Deputy Secretary also met with business leaders […]

Remarks by Secretary of the Treasury Janet L. Yellen on Innovation in Virginia

As prepared for delivery It’s great to be here at the Virginia Innovation Partnership Corporation. I’m appreciative of Bob and his team for hosting us today. Thank you to Senator Kaine and Congressman Connolly for joining us here, and for their leadership and tireless work to pass the Inflation Reduction Act, the CHIPS Act, and […]

Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the American Chamber of Commerce in Singapore

As Prepared for Delivery Thank you so much for hosting me, and for sharing your thoughts on Singapore’s economy and the broader economic outlook in Asia. This is a complex and pivotal moment for the global economy. The economic situation in my home country remains resilient. Last month, the United States added more than 260,000 […]

Joint Release by the United States, Australia, Canada, Japan, Korea, and New Zealand on the Occasion of the APEC Finance Ministers Meeting, 19-20 October 2022

“We express our unwavering support for APEC and are fully committed to helping Thailand, as APEC Chair in 2022, deliver a successful host year.    We are united in our resolve to ensure peace and stability in our region and to uphold international law, recognizing these are preconditions for the inclusive and sustainable economic growth […]